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Mark to market a short Eurodollar futures position with June delivery at 93.75 if daily IMM Index settlement prices are Day 1: 93.50 Day 2:

Mark to market ashort Eurodollar futures position with June delivery at 93.75 if daily IMM Index settlement prices are

Day 1: 93.50

Day 2: 93.25

Day 3: 93.46

Day 4: 93.98

Day 5: 94.25

Day 6: 94.00

List the margin account balances at the end of each trading day and specify (i) whether an additional margin is required on any given day and, (ii) if a margin call is issued, how much must be deposited to your margin account. Assume that the initial margin is $3,000; the maintenance margin is $2,000, and the tick value is 1 b.p. = $25. Please Show work

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